Press & Media Statements

Working closely with the Federal and State Government Affairs Departments, AFSA's Communications Department responds to and proactively works with news outlets seeking to cover the consumer credit industry.

AFSA is pleased to assist the media with interviews, quotes, background information and story development regarding any of the business lines the association represents. Media inquiries can be directed to:

AFSA Statement on Final Small-Dollar Lending Rule

October 05, 2017

The American Financial Services Association (AFSA) is pleased to see that the bureau has made the important distinction between beneficial traditional installment lending, and payday and title lending.

“Today’s rule is a validation of what we have been saying all along – that the small-dollar lending industry provides access to quality products, like traditional installment loans, and is critically important for the American consumer,” said Chris Stinebert, President and CEO of AFSA. “During congressional testimony when asked about the proposed rule,* Director Cordray noted how essential it was that any rule focus on making sure there is room for responsible loans such as installment lending.”